Centrus Energy Corp. (NYSE:LEU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Centrus Energy Corp. (NYSE:LEU) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $165.63.

LEU has been the subject of a number of analyst reports. Craig Hallum initiated coverage on Centrus Energy in a research report on Tuesday, April 1st. They set a “buy” rating and a $129.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Centrus Energy in a research report on Thursday, June 26th. They set a “neutral” rating and a $148.00 price target for the company. William Blair began coverage on Centrus Energy in a report on Wednesday, May 28th. They issued an “outperform” rating for the company. B. Riley reaffirmed a “buy” rating and set a $221.00 target price (up previously from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $205.00 target price (up previously from $145.00) on shares of Centrus Energy in a research note on Wednesday, June 18th.

Insider Activity

In other news, CFO Kevin J. Harrill sold 1,728 shares of the company’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John M. A. Donelson sold 3,732 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently modified their holdings of LEU. Anatole Investment Management Ltd purchased a new stake in shares of Centrus Energy during the fourth quarter valued at $27,880,000. Soros Fund Management LLC purchased a new stake in shares of Centrus Energy during the fourth quarter valued at $14,821,000. Voloridge Investment Management LLC lifted its holdings in shares of Centrus Energy by 1,300.5% during the fourth quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company’s stock valued at $15,664,000 after purchasing an additional 218,364 shares during the last quarter. Granahan Investment Management LLC purchased a new stake in shares of Centrus Energy during the first quarter valued at $13,440,000. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Centrus Energy during the fourth quarter valued at $10,367,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Trading Up 0.1%

Shares of LEU stock opened at $176.58 on Monday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. Centrus Energy has a 1 year low of $33.51 and a 1 year high of $211.31. The stock has a fifty day moving average of $129.49 and a two-hundred day moving average of $95.87. The firm has a market capitalization of $3.01 billion, a PE ratio of 40.04 and a beta of 1.45.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same quarter last year, the firm posted ($0.38) earnings per share. The firm’s revenue was up 67.3% on a year-over-year basis. As a group, research analysts expect that Centrus Energy will post 2.63 EPS for the current year.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.